Canada · Delayed Price · Currency is CAD Brookfield Asset Management Earnings Call Transcripts
Fiscal Year 2026
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Fee-related earnings rose 11% to $772M, with distributable earnings at $702M and $67B raised year-to-date. Strategic acquisitions and robust fundraising position the business for a record 2026, with strong momentum in infrastructure, credit, and AI-related investments.
Fiscal Year 2025
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Fee-related earnings and distributable earnings reached record highs in 2025, driven by strong fundraising, diversified capital deployment, and robust segment performance. 2026 is expected to surpass long-term growth targets, with significant contributions from recent acquisitions and continued expansion in AI infrastructure and private wealth channels.
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Diversified operations and strong fundraising underpin robust growth, with AI infrastructure emerging as a major long-term opportunity impacting all business lines. Insurance and private credit platforms are expanding, while real estate fundamentals and monetization activity are improving as capital markets recover.
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Record fundraising and deployment drove double-digit earnings growth, with fee-bearing capital up 8% year-over-year. Major fund launches, strategic acquisitions, and strong market conditions support a positive outlook, targeting to double the business by 2030.
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The event outlined a plan to double business size in five years, driven by new products, partnerships, and expansion into individual and insurance channels. Financial targets were exceeded in the last cycle, and the next phase focuses on scaling flagship and complementary strategies, with innovation in AI and infrastructure.
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Fee-related earnings rose 16% and distributable earnings 12% year-over-year, with $22B raised in the quarter and $85B deployed year-to-date. Strategic focus on AI, renewables, and retail channels is driving growth, supported by robust fundraising and strong market conditions.
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Record quarterly earnings and fee-bearing capital growth were driven by strong fundraising, diversified deployment, and robust demand for real estate and credit strategies. Liquidity and balance sheet strength were enhanced by a successful bond issuance and share repurchases.
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The meeting covered 2024 financial results, director elections, auditor appointment, and executive compensation, all of which were approved by strong majorities. Record earnings, a 15% dividend increase, and a five-year plan to double fee-bearing capital were highlighted. No shareholder questions were raised.
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Shareholders approved a plan to simplify the corporate structure by exchanging shares, aiming to enhance transparency and market value. The resolution passed with strong support, and the board will review its composition before the next annual meeting.
Fiscal Year 2024
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Record fundraising and strong earnings growth in 2024, with fee-bearing capital up 18% to $539B and robust performance across all segments. Outlook for 2025 is positive, driven by flagship and complementary strategies, with continued expansion in credit, private wealth, and insurance channels.
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Execution of established strategies and a constructive market backdrop are driving ambitious growth targets, with fundraising expected to reach $100–$150 billion annually. Monetizations and capital deployment are set to accelerate in 2025, especially in the U.S. and across infrastructure, renewables, and private credit.
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Record Q3 results with fee-bearing capital up 23% to $539B and fee-related earnings up 14%. Strong fundraising, strategic acquisitions, and robust monetization activity set the stage for continued growth, with a five-year plan to double the business to $1T in fee-bearing capital.
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Plans to double AUM in under five years, targeting $1.1 trillion in fee-bearing capital and 15%+ annual dividend growth. Growth will be driven by leadership in infrastructure, renewables, credit, and real estate, with a focus on operational excellence, product innovation, and expanding client channels.
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Q2 saw $68B in capital raised, driving AUM to $1T and strong growth in credit, insurance, and renewables. Fee revenues and margins improved, with robust fundraising and major acquisitions positioning for continued expansion. Management expects further AUM and margin growth.